Housing
Vacancy - 15.8%
The Bryan-College Station, TX Market ranks 19th in Vacancy across STI Markets with a Vacancy rate of 15.8%. That is 46,667 Vacant Housing units compared to 247,940 Occupied units.
Average Home Value - $351,088
The Average Home Value for owner occupied housing units in the Bryan-College Station, TX Market is $351,088. This ranks 84th across STI Markets. Over the last 2 years there has been a change of 7.4% in this markets Average Home Value, compared to a national change of 11.8%. This 2 year change in home values ranks 143rd across STI Markets.
Figure 55: Home Value 2year History
Mortgage Risk Level - Low
Mortgage Risk is defined as the ratio of recent residential loan amount to income for new home purchases. The Mortgage Risk for the Bryan-College Station, TX Market is 2.5. The market subsequently ranks 138th across STI Markets. This is considered to be a Low level of mortgage risk.
Affordability Level - Accessible
Overall Affordability can be classified in a similar fashion, comparing the Markets Average Home Value with the Average Household Income. This Affordability ratio currently sits at 3.6. The Bryan-College Station, TX Market therefore earns the Accessible classification for housing affordability and ranks 79th across STI Markets. The following chart shows how markets compare between these two measure. Note the breaks between affordability classifications are 3, 5, and 7.
Figure 60: Affordability Comparision
